Eddie Murphy has had his home on the market for five years! That’s even before everything went to down the drain. He started at $30 million and now has it listed for $15 million. Taxes are $200,000 a year. You can buy an average house every year with that. Just fascinating.
It has all of the amenities you expect, pools, racquetball court, bowling alley, recording studio, ELEVATOR, home theater, etc.
They don’t give the history of the price adjustments but I have to imagine that he has chased the market down. The best way for sellers to understand the market is when they go looking themselves and see the homes in person and not just on the CMA we give them.
The more realistic you can be in the beginning the more you will make in this sliding market.
